Renewable Energy

New Mexico has substantial renewable resources from solar, wind, hydroelectric, biomass and geothermal energy.

WHY GREATER ALBUQUERQUE?

With unparalleled intellectual capital assets, strong institutional capacity for program graduates, and over 25,000 employed in industries which complement renewable energy sectors, Greater Albuquerque offers unique strengths for companies seeking to locate and grow in a high quality environment with a specialized  set of skills in renewable energy production and research and development.

$3.8 B

2021 CONTRIBUTION TO GDP

5TH

FOR LOWEST TOTAL ENERGY COSTS WALLETHUB, 2020

20.2%

INCREASE IN JOB GROWTH FROM 2016-2020

INDUSTRY CLUSTERS

Nestled within the pro business climate of New Mexico, new economic opportunities strengthen the potential for sustainable and green energy development in solar, wind, geothermal, and hydrogen.

MAJOR EMPLOYERS

These industries have enjoyed comfortable expansions thanks to the unique assets anchored within the region.

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“I can’t imagine a better place to be. We need a highly skilled workforce, and we need it immediately,” Gordon said. “We see New Mexico as a place that will give our employees an affordable, high quality of life with access to culture and the outdoors. It’s really a dream location.”  

Read the full release here.

Jon Gordon, Co-Founder, Head of Partnerships & Government Affairs

SUSTAINABLE WORKFORCE

In Greater Albuquerque, a spirit of collaboration and innovation drive new growth and opportunity within renewable energy sectors a mix of both highly specialized engineering and production based talent.

1,220

TOTAL PROGRAM COMPLETIONS

25%

REGIONAL 5-YEAR JOB GROWTH

25,250

2021 ANNUAL AVERAGE INDUSTRY EMPLOYMENT

PROGRAMS AND INCENTIVES

BUILT FOR GROWTH

THE HIGH WAGE JOB TAX CREDIT

TECHNOLOGY JOBS AND R&D TAX CREDIT

MANUFACTURING INVESTMENT TAX CREDIT

LOCAL ECONOMIC DEVELOPMENT ACT (LEDA)

INDUSTRIAL REVENUE BOND (IRB)

JOB TRAINING INCENTIVE PROGRAM (JTIP)

ADVANCED ENERGY DEDUCTION & ADVANCED ENERGY TAX CREDIT

ALTERNATIVE ENERGY PRODUCT MANUFACTURER'S TAX CREDIT

RENEWABLE ENERGY PRODUCTION TAX CREDIT

BIODIESEL BLENDING FACILITY TAX CREDIT

BIOMASS-RELATED EQUIPMENT & MATERIALS DEDUCTION

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